Redesignation Date definition

Redesignation Date means, as to the Covered Debt in effect at any time, the earliest of (a) the date that is two years prior to the final maturity date of such Covered Debt, (b) if the Corporation elects to redeem, or the Corporation or a Subsidiary of the Corporation elects to repurchase, such Covered Debt either in whole or in part with the consequence that after giving effect to such redemption or repurchase the outstanding principal amount of such Covered Debt is less than $100,000,000, the applicable redemption or repurchase date and (c) if such Covered Debt is not Eligible Subordinated Debt of the Corporation, the date on which the Corporation issues long-term indebtedness for money borrowed that is Eligible Subordinated Debt.
Redesignation Date means, as to the Covered Debt in effect at any time, the earliest of (a) the date that is two years prior to the final maturity date of such Covered Debt, (b) if the Corporation or a Subsidiary elects to repay, redeem, or satisfy and discharge in full, whether by defeasance or otherwise, or the Corporation or a Subsidiary elects to purchase, such Covered Debt, either in whole or in part, with the consequence that after giving effect to such repayment, redemption, satisfy and discharge, or purchase, the outstanding principal amount of such Covered Debt is less than $100,000,000, the applicable repayment, redemption, satisfaction and discharge, or purchase date and (c) if such Covered Debt is not Eligible Subordinated Debt, the date on which the Corporation issues or assumes a sufficient amount of long-term indebtedness for money borrowed that qualifies as Eligible Subordinated Debt.
Redesignation Date means the date on which Accounts are redesignated (a) to the Seller as specified in the related Redesignation Notice provided by the Seller (or the Servicer on its behalf) pursuant to Section 2.7 of the related Receivables Purchase Agreement and (b) to the related Depositor as specified in the related Redesignation Notice provided by the Depositor (or the Servicer on its behalf) pursuant to Section 2.7(b)(i), 2.8(b)(i) or 2.8(c)(i) of the related Sale and Servicing Agreement, as the case may be; provided, however, that, in the case of the redesignation of Ineligible Accounts pursuant to Section 2.8(b) or (c) of the related Sale and Servicing Agreement, as the case may be, the applicable Redesignation Date will be the first day of the Collection Period following the Determination Date on which the Servicer’s records indicate that such Account has become an Ineligible Account, or such earlier date as the related Depositor may elect.

Examples of Redesignation Date in a sentence

After such Redesignation Date and upon written request of the Servicer, the Owner Trustee will deliver to the Transferor a Reassignment.

The Preferred Ordinary Dividends payable in respect of each Preferred Ordinary Share shall cease to accrue from the Redesignation Date of that Preferred Ordinary Share.

As of the applicable Redesignation Date, the Redesignated Account Schedule was true and correct in all material respects.

After such Redesignation Date and upon the request of the Depositor, the Owner Trustee will deliver to the Depositor a Reassignment.

As of the applicable Redesignation Date, the Redesignated Account Schedule is an accurate and complete listing in all material respects of all the related Redesignated Accounts and the information contained therein with respect to the identity of such Redesignated Accounts and the Principal Receivables arising in connection therewith is true and correct in all material respects as of such Redesignation Date.


More Definitions of Redesignation Date

Redesignation Date means, as to the Covered Debt in effect at any time, the earliest of (a) the date that is two years prior to the final maturity date of such Covered Debt, (b) if the Corporation elects to redeem or defease, or the Corporation or a Subsidiary of the Corporation elects to purchase, such Covered Debt either in whole or in part with the consequence that after giving effect to such redemption, defeasance or purchase, the outstanding principal amount of such Covered Debt is less than
Redesignation Date means, as to the Covered Debt in effect at any time, the earliest of:
Redesignation Date means the date on which Accounts are redesignated to the Seller as specified in the related Redesignation Notice.
Redesignation Date means, with respect to the Redesignated Accounts redesignated by this Reassignment, , 20 .
Redesignation Date means, as to the Covered Debt in effect at any time, the earliest of (a) the date that is two years prior to the final maturity date of such Covered Debt or (b) if the
Redesignation Date means, with respect to the Redesignated Accounts redesignated by this Reassignment, __________, 20_.
Redesignation Date means, with respect to the Redesignated Accounts designated hereby _____________, ________.